Speculation about Alistair Darling’s pre-budget decrease in VAT had us all on tenterhooks yesterday morning. However, much to our surprise (no leaks in this direction) he partnered the 2.5% decrease in VAT with an 8% increase in the rate of excise duty on wine. The effect of this rise is to more than offset the decrease [...]
Tag Archives: tax
The public mood?
Monday 17 March 2008 – 15:38
Since the budget sales have soared, and it’s clear that our competitors are experiencing a similar uplift too. While the increase in duty is significant, and will have a very real effect on wine prices, the size of the uplift has taken us by surprise. Is this a sign that the consumer doesn’t like a wagging [...]
Budget day
Wednesday 12 March 2008 – 8:41
The big news this week will obviously be the amount of extra duty Alistair Darling dares to put on wine. Over the last few years the Chancellor has largely chosen to leave spirits and sparkling wines alone, but has consistently loaded the duty onto still wine. This year however we are expecting a hike on everything as [...]
The price of wine
Tuesday 19 February 2008 – 12:15
Saturday’s Times included an interesting article by Jane MacQuitty discussing the current pressures on wine prices: the strength of the euro, drought in Australia and, of course, next month’s budget.
Britain has one of the highest levels of tax on wine in Europe and since you are likely to hear a lot about duty and the [...]
Majestic
Richard Weaver
Gary Bates
Simon Renton
Jeremy Palmer
Clayton Smith
Giles Cooper
John Abbott
Amy Hetherington
Emma Pook